Policy Analyses
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Policy Analyses
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Economic Policy of the US Democratic Party and Its Implications
Basically, the U.S. trade policy is under the control of the Congress. Therefore, depending on the dynamics of the congress election, economic and trade policy of the U.S. is greatly influenced by its majority party. The Democrati..
Junkyu Lee et al. Date 2007.12.30
Economic relations, Economic outlookDownloadContentSummaryBasically, the U.S. trade policy is under the control of the Congress. Therefore, depending on the dynamics of the congress election, economic and trade policy of the U.S. is greatly influenced by its majority party. The Democratic Party won a majority of the state governorships and the U.S. House and Senate seats each last Nov. 7 2006, ending 12 years of Republican rule.
By the way, members of the Democratic and Republican Congressional leadership led by the Speaker of the House Nancy Pelosi joined with key Administration officials on May 10 2007 to announce an agreement on a new trade policy for America. The agreement announced was a fundamental shift in U.S. trade policy. (The rest is omitted.) -
A Comparative Study of the Production Networks of Korea's and Japan's Automobile Industries in Northeast Asia
The concept of a "global production network" is important for understanding a country's or a firm's economic competitiveness. A big firm, called a flagship, is likely to form a production network, which comprises of a lot of other..
Sung Chun Jung et al. Date 2007.12.30
Industrial policy, Overseas direct investmentDownloadContentSummaryThe concept of a "global production network" is important for understanding a country's or a firm's economic competitiveness. A big firm, called a flagship, is likely to form a production network, which comprises of a lot of other related firms. The economic performance of a firm in the production network depends on the efficiency of the production network. So, it is necessary to survey the characteristics of a production network for us to fully understand how strong the economic power our certain industry or firm has. (The rest is omitted.) -
Prospects for India's Industry and Ways to Further Enhance Bilateral Industrial Cooperation: Focusing on Major Manufacturing Sectors
The objective of this study is to analyze the possibility of development of Indian industry and to use the study as a basis to propose direction and action plans for Korea-India industry cooperation. The analysis of industry is ce..
Soon Cheul Lee et al. Date 2007.12.30
Economic cooperation, Industrial policyDownloadContentSummaryThe objective of this study is to analyze the possibility of development of Indian industry and to use the study as a basis to propose direction and action plans for Korea-India industry cooperation. The analysis of industry is centered on steel and metal, electronics, automobiles and components, petro chemicals, textiles, and machinery, observes the commercial policies, industrial growth, trade structures, and potential for growth. The correlation between Indian and Korean industry will be analyzed using econometric and comparative methodology, and a proposal for bilateral industrial cooperation will be introduced. (The rest is omitted.) -
Reinterpretation of Korea's Economic Development and Lessons for Developing Countries
Learning from and emulating developed countries is useful for the industrialization of developing countries. It is most evident in the case of development process in hardware technology, but this is also the case for the software ..
Bokyeong Park et al. Date 2007.12.30
Economic development, Economic cooperationDownloadContentSummaryLearning from and emulating developed countries is useful for the industrialization of developing countries. It is most evident in the case of development process in hardware technology, but this is also the case for the software sector. It means that the policies adopted by already industrialized countries, and their results, whether they were good or bad, can be helpful in developing countries for making their policy and minimizing the mistakes. Therefore, one of the ways to contribute to economic development and poverty reduction in developing countries is for already industrialized countries to share their knowledge gained through development experience. (The rest is omitted.) -
Russia's WTO Accession in the Perspective of Korea-Russia Economic Relations
The Russian government is trying to enter the WTO by enhancing its international competitiveness and gaining pace in participating in the superpower circle. Russia applied for membership in the General Agreement on Tariff and Trad..
Jae Young Lee et al. Date 2007.12.30
Trade policy, Overseas direct investmentDownloadContentSummaryThe Russian government is trying to enter the WTO by enhancing its international competitiveness and gaining pace in participating in the superpower circle. Russia applied for membership in the General Agreement on Tariff and Trade (GATT) in 1993, and since then it has undertaken various institutional reforms. Russia's WTO accession is expected to provide many economic benefits in mid- and long-term perspectives: trade facilitation, enhancement of industrial competitiveness, industrial diversification, growth in consumers' welfare, and so on. By signing the bilateral agreement with the United States in 2006, Russia became close to joining the WTO. As of October 2007, Russia now has to complete bilateral talks with Georgia and Saudi Arabia, and is expected to enter the WTO officially in 2008. Russia's accession to the WTO will lead to the changes of the trade and investment climate in Russia. Thus, this study analyzes how the changes of the trade and investment climate in Russia after Russia's accession to the WTO will influence Korea-Russia economic relations, and suggests appropriate Korea's trade and investment policies. (The rest is omitted.) -
Main FTA Issuess in Electronic Commerce and Korea's Strategy
The importance of electronic commerce based on the emergence of the Internet as a global distribution platform for digital products has become evident. In accordance with changes like this, the WTO has discussed the possibility of..
Chang-In Yoon Date 2007.12.30
Economic relations, Trade policyDownloadContentSummaryThe importance of electronic commerce based on the emergence of the Internet as a global distribution platform for digital products has become evident. In accordance with changes like this, the WTO has discussed the possibility of free trade of digitally delivered content products since the end of 1990s. The multilateral trade talks at the WTO for a predictable and liberal trade regime for digital products, however, has not brought any conclusive results for the various issues such as the exemption of tariffs on electronic transmission, customs valuation of and market access commitments for digital content, and application of trade rules for electronic commerce. (The rest is omitted.) -
Strategies for Korea's Financial and Logistical Hub by Comparing with China
The purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Kor..
Hyung-Gon Jeong et al. Date 2007.12.30
Economic development, Industrial policyDownloadContentSummaryThe purpose of this study is to evaluate the business-hub (finance & distribution hub) policy of the Korean government, which has been in place for the last five years. In this study, the performance and competitiveness of Korea's status as a hub have been compared to those of Beijing-Tianjin (Binhai New Area) and Shanghai of China, which are rival areas of Korea. At the end of this study, the future direction of hub policy for Korea is suggested. (The rest is omitted.) -
EU's Common Commercial Policy and International Commercial Relations
The EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that..
Cae-One KIM Date 2007.12.30
Economic cooperation, Trade policyDownloadContentSummaryThe EU has exclusive competence to pursue common commercial policy on behalf of its member countries as it does for common monetary policy and common agricultural policy. The foundation of the common commercial policy is fact that the EU is based on supranational economic integration. In concrete terms, the common commercial policy constitutes a part of economic integration that prescribes that products imported from extra-EU region to intra-EU region through the due course have right to receive equal treatment as produced in a member country. Since the EU has independent authority to pursue commercial policy, there has constantly been serious debate on distribution between the community and its member states. This is because the more the scope of common commercial policy is extended, the more the economic sovereignty of member states becomes constrained. In the initial stage, the EU's competence was limited to trade of goods. After the Uruguay Round, however, it has come to include intellectual property rights and the service sector. (The rest is omitted.) -
Characteristics of the Trade between Korea and China and its Implications for a Korea-China FTA
Most of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP wil..
Pyoun Seob Yang et al. Date 2007.12.30
Economic integration, Trade policyDownloadContentSummaryMost of the existing research adopted the computable general equilibrium(CGE) model to estimate the economic effects of a Korea-China FTA. The findings of these research generally show that the effects of an FTA on Korea's GDP will be much greater than China's, and Korea's trade surplus with China will expand in the manufacturing sector. (The rest is omitted.) -
Analysis on Export Competitiveness Pattern of High Technology Items of China, Japan and Korea
This paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of th..
Hokyung Bang Date 2007.12.30
Trade structure, Industrial policyDownloadContentSummaryThis paper studies the recent international trade trends of high-technology products, the foreign and intra-trade of high-technology products of Korea, China and Japan, and analyzes the international competitiveness patterns of the three countries. High-technology products were categorized based on the Harmonized Commodity Description and Coding System(HS Code) of the U.S. Census Bureau.
High-technology products show a rapid increase in world trade compared to other products and China has risen as a major trade country in the world high-technology trade market. (The rest is omitted.)